EURUSD: medium-term buys of the pair. | 20 October 2022

20 October 2022, EUR/USD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 0.97679-0.97848. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.EURUSD: medium-term buys of the pair.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 0.97341-0.97423. At the moment, the pair is trading higher, indicating the strength of buyers.

• The area of profitable prices for buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 18.10.2022.

• Quotation of the higher boundary of the zone 1/4 - 0.98263.

• Quotation of the higher boundary of the zone 1/2 - 0.97733.

• Intraday objectives: update the highs from 18.10.2022- 0.98793.

• Medium-term objectives: test the lower bound of GWCZ - 0.99513.EURUSD: medium-term buys of the pair.

• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.

• Buy: 0.97733-0.98263, Take Profit 1-0.98793, Take Profit 2-0.99513.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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